Deutsche Bank AG Increases Bellway plc (BWY) Price Target to GBX 2,701
Bellway plc (LON:BWY) had its target price boosted by analysts at Deutsche Bank AG from GBX 2,649 ($32.29) to GBX 2,701 ($32.92) in a note issued to investors on Monday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 13.20% from the stock’s current price.
Several other research analysts also recently issued reports on BWY. HSBC reaffirmed a “buy” rating and issued a GBX 3,840 ($46.80) price objective on shares of Bellway plc in a research note on Monday, June 27th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 1,715 ($20.90) price objective on shares of Bellway plc in a research note on Monday, June 27th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,806 ($34.20) price objective on shares of Bellway plc in a research note on Monday, June 27th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 2,176 ($26.52) price objective (down previously from GBX 2,918 ($35.56)) on shares of Bellway plc in a research note on Thursday, June 30th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,259 ($27.53) price objective on shares of Bellway plc in a research note on Tuesday, July 5th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 2,764.51 ($33.69).
Shares of Bellway plc (LON:BWY) opened at 2469.00 on Monday. The stock has a 50 day moving average of GBX 2,321.62 and a 200-day moving average of GBX 2,322.06. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 2,897.51. The firm’s market capitalization is GBX 3.02 billion.
The firm also recently declared a dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Thursday, December 1st will be issued a dividend of GBX 74 ($0.90) per share. This represents a dividend yield of 3.1%. This is a boost from Bellway plc’s previous dividend of $34.00. The ex-dividend date is Thursday, December 1st.
About Bellway plc
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes.
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